The cardholder can cancel or close his credit card whenever he wants, but the process is different. Once you have completed the process of closing or cancelling your credit card, you can return your card to the bank. If you want to close or cancel the credit card, then follow the steps given in this article.
Get the credit card closed like this
To cancel or close a credit card account with any bank you have, you need to call the toll-free number of the bank and get information about the closure of the credit card. Apart from this, you can request to close the credit card by writing a letter to the manager of the bank whose cardholder you are.
You have to write your name, address, card number and mobile number in it but keep in mind that do not write about your important information like CVV number or PIN of the card. You should also note that the bank will proceed with the credit card cancellation process only after you clear the card dues. You will have to go to the bank, submit all the necessary bank-related documents and fill in the information correctly in the credit card closure or cancellation form.
Be sure to keep these things in mind
Before closing or cancelling the credit card, you should check the reward points which have not been used yet. You should redeem these points. Also, you should check the bank statement attached to the credit card properly, so that it can be ascertained that there is no mistake in it.`
Let us tell you that if you have only one credit card and you cancel or close it, it will not affect your credit score.
image credit- freepik
